Dow Jones Indexes has launched a new Shari’ah-compliant index. The Dow Jones Islamic Market RBP U.S. 50 Index will evaluate the prime 50 U.S. stocks ranked by the required business performance (RBP) functionality offered by Transparent Value.

The new index is the fifth addition to the Dow Jones RBP Indexes family in 2011. In April, three large-cap “style” indexes of growth and value stocks were rolled out, in addition to the series’ first index to utilize dividends to select and weight companies.